Defense Daily reports today that DRS Technologies, maker of communications and intercept equipment for the military, will move its corporate headquarters from New Jersey to Northern Virginia, joining almost all of the top 10 defense and national security contractors inside the Beltway bubble.
In 2006, DynCorp announced it would move its headquarters from Irving, Texas to northern Virginia, followed by Computer Sciences Corporation (CSC) and the U.S. affiliate of the British giant BAE Systems two years later. Northrop Grumman and SAIC then both fled southern California for the financial sunshine of Washington, joining Lockheed Martin, General Dynamics, Booz Allen Hamilton, ManTech, and CACI already headquarters inside the Beltway. These are not just the biggest defense contractors, they are some of the largest corporations in America.
DRS, an operating division of Italy’s Finmeccanica, also picked up Obama administration first Deputy Secretary of Defense Bill Lynn, who took office only with an ethics waiver from the President, as chairman and CEO earlier this year. Former Homeland Security secretary Michael Chertoff was appointed chairman of BAE Systems earlier this month. Former Air Force chief of staff Gen. John Jumper took over SAIC.
Some facts about Washington from the 2010 Census: 10 of the 15 wealthiest counties in America by per capita income are in the Washington DC metropolitan area:
- The richest county in America: Loudoun County, Va.
- 2nd richest: Fairfax County, Va.
- 3rd richest: Howard County, Md.
- 5th richest: Arlington County, Va.
- 7th richest: Stafford County, Va.
- 9th richest: Prince William County, Va.
- 12th richest: Montgomery County, Md.
- 13th richest: Calvert County, Md.
- 14th richest: St. Mary’s County, Md.
- 15th richest: Charles County, Md.